200,000 AT&T employees receiving $1,000 bonuses after tax vote

AT&T will award some 200,000 bonuses in the wake of the Trump administration's massive tax overhaul.

The telecom giant said in a press release Wednesday the bonuses will go to all union-represented, non-management and front-line managers. In addition to the bonuses, AT&T said it will invest an additional $1 billion in the U.S. in the coming year.

"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world," said Randall Stephenson, AT&T chairman and CEO. "This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees."

President Trump is expected to sign the bill in the coming days. AT&T will issue the bonuses once the measure is signed, the company said.

Trump campaigned on tax cuts during last year's presidential run. He praised Congress today for its work on getting the measure passed.

I would like to congratulate @SenateMajLdr on having done a fantastic job both strategically & politically on the passing in the Senate of the MASSIVE TAX CUT & Reform Bill. I could have not asked for a better or more talented partner. Our team will go onto many more VICTORIES!